Or double scam. Brilliant. Just found on work_democracy at yahoogroups.com Source not disclosed. Extract:
“However, since the guy has pleaded guilty we do not need to demonstrate the fraud, because he says he is guilty. And look further on the net and you will see that these “victims” have also been told by the US tax authorities that they will probably also be entitled to claim back some taxes on these defrauded sums. Rather than saying this hedge fund has gone bust, due to its choice of investment assets and investment methologies, a scenario which is highly probable in the current financial paradigm, since all the professionals are predicting that at least 30% of all hedge funds are about to fail, more than 700 of them, the CEO chooses to fess up to fraud. */If the CEO admits the fund has gone bust, then all those wealthy members of the Jewish community get nothing, but if the CEO admits to fraud they get their money back as compensation from the US tax payer, just as they are also drawing money back from the tax payers with the other hand. And, as can be seen at /**/the Daily Mail link above/* <http://www.dailymail.co.uk/money/article-1096228/Lloyds-London-braced-claims-Madoff-meltdown-makes-directors-targets-lawsuits.html%29>*/, the investors in this fund only get to litigate the fund directors against Lloyds insurers in London for even more compensation. Done properly the compensation could end up paying out far more than the original fund returns/* (yes this is sarcasm, it was bound to creep in eventually in yet another swindle like this).” From: http://webabuser.wordpress.com/2008/12/21/the-madoff-double-bluff/
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